SBI is closing these two schemes this month, investors have received bumper returns so far

SBI Deposit Scheme: If you also want to invest in a deposit, then two deposit schemes of SBI Bank are going to close this month. Let us know in detail about this scheme. In this scheme, you will get interest as much as FD.

Sat, 17 Jun 2023 07:38 PM (IST)
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SBI is closing these two schemes this month, investors have received bumper returns so far

If you also want to deposit your capital in any bank, then this is very important news for you. This month India's largest public sector bank State Bank of India is about to launch two deposit schemes for you. The name of this scheme is Amrit Kalash and 'Vcare'. In both these schemes you will get interest as much as FD. If you want fixed deposit interest then you should invest in this scheme.
In this scheme of SBI, you can deposit your money for 5 years or more. On this, you will get additional 50 basis points. If you want to take advantage of this scheme, then you can apply till 30 June 2023. After 30 June 2023, you will not be able to take advantage of this scheme. If you invest till this time only then you will get its benefit.
If a senior citizen invests in this scheme, then the senior citizen will get an additional interest of 0.50 percent as compared to the general public. On the other hand, if you invest for more than 5 years, then you will get 1 percent or more interest. But on the other hand, if you withdraw money from this deposit before 5 years, then you will not get any additional benefit.
The last date for SBI's Amrit Kalash scheme is 30 June 2023. After this, you will not be able to invest money in it. In this, senior citizens will get 7.60 percent interest and the general public will get 7.10 percent interest. In this, your deposited amount will mature after 400 days. On the other hand, if you deposit more than Rs 2 crore, then senior citizens will get 7.60 percent and the public will get 7.1 percent interest.

Muskan Kumawat Journalist & Writer